Natural Gas is increasingly used not only for residential usage but for commercial purpose and power generation as well. Local distribution companies in many emerging economies are burdened with subsidized rates and struggling to keep operational costs low. Technological advancements in meter-to-cash, distribution, customer service, leakage detection, workforce management and asset management not only help in revenue protection and operational efficiency but also help in meeting regulatory compliance.

AMI meters, also known as smart meters, are designed to transmit pricing and energy information from the utility company to the consumer enabling a two way communication. The various solutions in the smart gas market are Meter Data Management (MDM), meter data analytics, Supervisory Control and Data Acquisition (SCADA), asset management for gas pipeline, Geographic Information System (GIS), leakage detection, and mobile workforce management. The services base in this market is limited to installation, system integration, and product management.

The major players in the market of smart gas are ABB, Elster, General Electric, Itron, Schneider Electric, Oracle, and many more. The market research report analyzes global adoption trends, future growth potential, key drivers, restraints, opportunities, and best practices in this industry. The report also analyzes market sizes and revenue forecast across different geographies.

Markets Covered

This report is a comprehensive study of the global smart gas market, which also studies the prospects of the related devices, solutions and services. The report forecasts the revenues and trends for Smart Gas in the following submarkets:

Based on devices, the market is segmented into the following categories:

Automatic Meter Reading (AMR) meters

Advanced Metering Infrastructure (AMI) meters

Gas meter communication modules

Based on solutions, the market is segmented into the following categories:

Supervisory Control and Data Acquisition (SCADA)

Geographic Information System (GIS)

Enterprise Asset Management (EAM) for gas utilities

Mobile Workforce Management (MWFM)

Meter Data Management (MDM)

Meter data analytics

Gas leak detection

Based on services, the market is segmented into the following categories:

System Integration

Program Management

Installation

Based on regions, the market of Smart Gas is segmented into the following categories:

North America (NA)

Europe

Asia Pacific (APAC)

Latin America (LA)

Middle East and Africa (MEA)

Customization Options:

Along with the market size analysis on the basis of devices, solutions, services and regions; customizations can be done on the following parameters:

Country Analysis:

Detailed country analysis of smart gas metering projects.

Country wise market size analysis and forecast by various technology solutions.

The natural gas reverses are depleting rapidly as technological breakthroughs have accelerated the process of gas extraction. The use of natural gas in the residential and commercial sectors has multiplied many folds. This ever increasing demand for energy has forced the natural gas production and distribution companies to push their operational limits.

Gas utilities across the globe have been facing severe challenges which have resulted in low profitability and financial losses. The huge numbers of customer-end devices of the gas utility companies generate enormous volumes of meter data which can be strenuous to process. The physical collection of such amounts of data will eventually add up to the operational costs. The irregularities which occur in the physical data collection process can cut short company profits. The greater uses of smart gas meters have helped the establishment of two-way communication link between the customers and utilities. The smart gas market is expected to show positive growth traits over the next years.

MarketsandMarkets expects an increasing uptake of the Smart Gas solutions, such as data analytics, by the end of the forecast period. Supervisory Control and Data Acquisition (SCADA) sub-market is expected to generate highest revenues during the forecast period.

If the vast distribution networks need to be supervised thoroughly, to detect gas leakages due to damaged pipes. The resultant financial losses will force the management to deploy extra resources to prevent such gas leakages.

Overall Market Size and Forecast

The global market is estimated by adding vendor revenues for devices, solutions and services. MarketsandMarkets forecasts the global Smart Gas market to grow from $6.61 billion in 2014 to $11.31 billion in 2019. This represents a Compound Annual Growth Rate (CAGR) of 11.4% from 2014 to 2019.

Smart Gas: Market Size, 2013-2019 ($Billion)

Source: MarketsandMarkets Analysis

The table given above suggests that the North American market is expected to project the largest opportunity in this market throughout the forecast period.

Smart Gas: Market Size, 2014-2019 Y-O-Y (%)

Source: MarketsandMarkets Analysis

The table given above highlights the Y-O-Y growth trend in the market, across all geographical territories.

Smart Gas: Market Size, 2014-2019 Y-O-Y (%)

Source: MarketsandMarkets Analysis

The trend line given above depicts the Y-O-Y growth trend in the overall market of Smart Gas for all regions.

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